EU Competition Law

Summary

"Competition law" is the EU counterpart to US antitrust law. Competition law consists of a web of international rules intended to promote competition for the benefit of consumers. These laws prohibit two types of conduct that are of primary importance to business:

Anti-competitive agreements: Any agreement or concerted practice between organizations that significantly restricts competition within the European Economic Area— such as (a) price-fixing, (b) allocating customers or markets with competitors, or (c) certain distribution and licensing agreements — is illegal.

Abuse of dominant position: A dominant company’s abuse of its dominant position in the market — such as by (a) imposing unfair purchase or selling prices or other unfair trading conditions, (b) discriminating between customers or (c) limiting production to the detriment of customers — is illegal.

Penalties and consequences for both intentional and inadvertent violations are significant.

NEW COUNTRIES ADDED!!
This multi-PAK provides a high level overview of merger control, restrictive agreements and practices, monopolies and abuse of market power, and joint ventures in various jurisdictions. ...

Changes have been afoot in the EU's competition laws, with one of the most important being 25 member states now have the power to rule on all aspects of EU competition law, in to the national competition ...

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